[ribbon webex] jute is Bangladesh local specialty.Bangladesh for international jute one market position, exports each year about 350000 to 380000 metric tons, 80% of the total demand for international.Bangladesh jute yarn in the nine months of fiscal 2010 and 2011 years ago the export revenues of $381 million, up 43% from a year earlier.
Line is Bangladesh ZhiHuang yarn in the Middle East, north Africa and Turkey and other countries of the raw material of carpet manufacturing.3 of jute yarn into exports accounted for 66% of Bangladesh's exports for 3 big exporter of Bangladesh jute yarn.
But north Africa earlier due to factors such as high unemployment and political.The local people's demand for the necessary is slipping as political unrest, therefore, carpet sales decline.
Turkey carpet manufacturers and thus reduce production.Bangladesh jute yarn exports due to the political upheaval in the Middle East and north Africa, has fallen sharply in recent 3 months, so the current price of $1100 to $1150 per metric ton, down about 30% year on year.
In addition, Bangladesh jute plant enterprises (BangladeshJuteMillsCorporation) officials also said some jute products demand also began to have slowed phenomenon.